The rule in plain words
If "Code of the Reinsurer Entity or Collateral Provider, preceded by type of code" (C0010) is reported then these columns should be reported
This is a blocking check. A return that fails it is normally rejected, so fix it before you submit. It runs only when your filing indicators mark IR.30.05 as reported.
The cells it reads
Reinsurer and collateral provider entity information (IR.30.05.01.01)
Columns
- C0030Legal name of reinsurer or collateral provider
- C0040Type of reinsurer or collateral provider
- C0050Country of residency
- C0070Name of ECAI
- C0080Internal rating
Which returns it applies to
Line4 Check runs it on annual solo (ARS), annual group (ARG) and annual third-country branch (ARB) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual third-country branch (ARB), annual solo (ARS) and annual group (ARG) returns, as a blocking check.
The Bank’s own words and formula
The plain words above are the Bank of England’s own, word for word, from its list of validations.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
count({t: IR.30.05.01.01, c: C0030; C0040; C0050; C0070; C0080}) = 5Other rules on Reinsurer and collateral provider entity information (IR.30.05)
- Reinsurer and collateral provider entity information and outwards reinsurance balance sheet exposures: a conditional check (IR_bv0059_02)Blocking
- Reinsurer and collateral provider entity information and outwards reinsurance balance sheet exposures: a conditional check (IR_bv0059_03)Blocking
- Reinsurer and collateral provider entity information and life outwards proportional reinsurance: a conditional check (IR_bv0059_05)Blocking
- Reinsurer and collateral provider entity information and life outwards non-proportional reinsurance: a conditional check (IR_bv0059_06)Blocking
- Reinsurer and collateral provider entity information: a conditional check (IR_bv2639)Blocking
- Reinsurer and collateral provider entity information: the format of a code or text (IR_bv2640)Blocking
Every Solvency UK rule on IR.30.05
Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.
